JERUSALEM & SINGAPORE--(BUSINESS WIRE)--OurCrowd, a global leader in equity crowdfunding, announced today that
it has opened an office in Singapore, its seventh worldwide, to serve
the growing community of Asian investors interested in funding early
stage high-growth companies. It has appointed Denes Ban, a successful
entrepreneur and technology executive, as Managing Partner Asia and head
of OurCrowd’s Singapore Management company.

The move follows OurCrowd’s announcement earlier this year that it has
partnered with United Overseas Bank (UOB) and Sassoon Investment
Corporation (SassCorp) to pursue equity crowdfunding for startups and
SMEs in the region. OurCrowd also received a formal license to begin
operating in Singapore from the Monetary Authority of Singapore in
August 2016.

“Asia is one of our fastest growing markets and following our launch
in Singapore, we will be looking to take OurCrowd further into the ASEAN
market,” said OurCrowd CEO Jon Medved. “Our business in Asia has
grown five times since 2014, both in terms of the number of investors on
the platform and investment dollars committed on our platform.

Medved added that OurCrowd’s Asian funding now represents over half of
the funding recently invested on the site.

He added: “Asia more broadly, and Singapore in particular, is
becoming a globally-recognized financial hub for the next generation of
innovative technology companies. We expect to tap into exciting new deal
flow, as well as bring more and more Asian investors tojoin us
in funding global technology companies.”

In just over three years, OurCrowd has established itself as a major
international force in the equity crowdfunding industry, investing
over US$320 million from its "crowd" of 16,000 accredited investors in
itsportfolio of 100 companies and five funds, which span major
investment sectors including Mobility and Transportation, Machine
Learning, Cybersecurity, Digital Health, Agtech, Big Data, and Robotics.

Denes Ban said: “We are excited to be operating in Singapore, which
is fast becoming a leading global fintech center. We look forward to
strengthening our winning team of UOB and the Sassoon family by adding
new Singapore partners, investors, and portfolio companies. At this
month’s MAS’ Singapore Fintech Festival, OurCrowd portfolio company
BioCatch won the Global Fintech Award from among 200 competing companies
and received a S$150,000 cash prize. OurCrowd also partnered with UOB
and KPMG to organize a pitch fever session at the Festival for
entrepreneurs, corporate partners and investors.

Medved and Ban will outline future plans for their activities in the
region at a cocktail event today in Singapore for over 100 investors,
hosted by Mr. Victor and Mrs. Michelle Sassoon.

About OurCrowd: OurCrowd is the leading global equity
crowdfunding platform for accredited investors. Managed by a team of
seasoned investment professionals and led by serial entrepreneur Jon
Medved, OurCrowd vets and selects opportunities, invests its own
capital, and brings companies to its accredited membership of global
investors. OurCrowd provides post-investment support to its portfolio
companies, assigns industry experts as mentors, and takes board seats.
The OurCrowd community of almost 16,000 investors from over 110
countries has invested over $320M into 100 portfolio companies and
funds. OurCrowd has already had nine exits to date: two IPO’s and seven
acquisitions. To join OurCrowd as an accredited investor, visit http://www.ourcrowd.com
and click Join.

About United Overseas Bank: United Overseas Bank Limited
(UOB) is a leading bank in Asia with a global network of more than 500
offices in 19 countries and territories in Asia Pacific, Western Europe
and North America. Since its incorporation in 1935, UOB has grown
organically and through a series of strategic acquisitions. UOB is rated
among the world’s top banks: Aa1 by Moody’s and AA- by Standard & Poor’s
and Fitch Ratings respectively. In Asia, UOB operates through its head
office in Singapore and banking subsidiaries in China, Indonesia,
Malaysia and Thailand, as well as branches and representative offices.
UOB plays an active role in the community, focusing on art, children and
education. It has, over more than three decades, held the
longest-running art competition in Singapore, the UOB Painting of the
Year, which has since been extended across Southeast Asia. In
recognition of its contributions to the arts, UOB was conferred the
Singapore National Arts Council’s Distinguished Patron of the Arts Award
for the eleventh consecutive year in 2015. UOB also encourages its
employees across the region to be involved in its regular volunteer
activities. This includes the annual UOB Heartbeat Run which is held in
China, Indonesia, Malaysia, Singapore and Thailand.

About Sassoon Investment Corporation: SassCorp is the family
investment holding vehicle of the Sassoon family. Headquartered in
Singapore, it has offices in Los Angeles and Jakarta, and is focused on
investment and operations across Southeast Asia and the United States
and is invested in the retail, F&B, technology, real estate and
education sectors.